Bitcoin
Bitcoin (BTC) Price Drop: Buyers Invest Money in US ETFs
Investors are piling into Bitcoin exchange-traded funds, betting that the oversupply that has sent the token tumbling in recent weeks has created a buying opportunity.
US Bitcoin ETFs saw a net inflow of $438 million over the past two trading sessions, data compiled by Bloomberg show. The original cryptocurrency has fallen about 20% since early June, weighed down by concerns that creditors of bankrupt exchange Mt. Gox will start unloading tokens the estate is distributing.